News

AFI Park 2&3 won the CEEQA award, in association with the Financial Times, for “SEE Building of the Year”

Bucharest, 15.04.2015:

AFI Park 2&3 received in Warsaw, on Tuesday, the SEE Building of the Year award at this year’s edition of Central and Eastern European Real Estate Quality Awards (CEEQA), the most prestigious competition in the region. CEEQA is organized each year, in association with the Financial Times, to reward business excellence and to highlight the achievements of the real estate industry across 18 European markets.

“This notable award is a recognition of our dedication and expertise to develop high quality projects. We are honored that AFI Park 2&3 managed to receive such an important Building of the Year award for the real estate industry across Europe”, said David Hay, CEO AFI Europe Romania.

AFI Park 2 was also nominated for RealGreen Building of the Year category and, together with AFI Park 3, was among the final nominees for the Office Development of the Year award. Also, AFI Europe was on the shortlist of the RealGreen Developer of the Year category.

AFI Park 2 (inaugurated in April 2014) is fully leased to Electronic Arts, and AFI Park 3 (delivered December 2014) has all of its office spaces leased by Endava and TELUS International. AFI Park 1 and AFI Park 2, part of Bucharest’s newest and most advanced Class A business park, are the first office buildings in Romania to obtain the LEED Gold Core & Shell Certification.

In April last year, AFI Europe Romania started the construction of AFI Park 4&5, the 4th phase of the award winning office project, which will be finalized in Q4 2015. AFI Park 4&5 is offering a floor plate of approximately 3,000 sqm to respond to the needs of large open space for IT&C and BPO companies, offering to its tenants 24/7 non-stop continuous operations time. The building will total 32,000 sqm of Class A leasable area (GLA) spread over 12 floors, served by 2 underground parking levels with 300 spaces. The ground floor will offer retail spaces, designed to provide tenants with services and amenities in addition to the services provided by Cotroceni shopping mall. The 12th floor will host a coffee shop terrace for the benefit of the future tenants.

AFI Park consists of 5 Class A office buildings, with a total gross leasable area of 70,000 sqm, all buildings are linked to AFI Palace Cotroceni (81,000 sqm GLA). Together, the two projects (151,000 sqm GLA) feature the largest complex of retail and business in Romania and one of the largest in the CEE region.

Following the completion of AFI Park, AFI Europe will develop AFI Business Park Bucharest, a 50,000 sqm of GLA Class A business park to be located in close proximity to the J.W. Marriott hotel and the Romanian Parliament in Bucharest’s district 5. The business park will comprise of 2 low rise office buildings and one office tower, with ample green areas, a high tech/campus style environment in an urban complex with a central plaza & gardens.

About AFI Europe

AFI Europe is a subsidiary of AFI Properties is one of the leading real estate development, management and investment companies, which is operating in Central and Eastern Europe since 1997 and is focusing on the development of large-scale commercial, residential and mixed use projects.

AFI Europe operates in Romania since 2005. The company has developed and is managing “AFI Palace Cotroceni”, the biggest and most dominant shopping mall in Romania and among the biggest shopping malls in the CEE region. The project spreads over a leasable area of more than 81,000 sqm and offers to its visitors a large entertainment area with multiple leisure options and a variety of over 300 shops of local and international brands, visited by 52,000 customers per day.

In October 2013, AFI Europe inaugurated AFI Palace Ploiesti, the first and only modern shopping mall developed in the city centre of Ploiesti, following an investment of over EUR 50 million. The shopping mall offers a total gross leasable area (GLA) of 33,000 square meters spreading over two retail floors occupied by 100 national and international brands, including more than 7,000 sqm of entertainment.

Adjacent but fully integrated into AFI Palace Cotroceni shopping mall, AFI Europe Romania is currently developing AFI Park, Bucharest’s newest and most advanced Class A business Park, which has achieved 100% occupancy rate of its office spaces. AFI Park offers more than 70,000 of office leasable area, currently targeted by multinational IT&C corporations. The first office building “AFI Park 1“, with 12,250 sqm of leasable area, is 100% leased. In April 2014 AFI Europe inaugurated “AFI Park 2” with 12,200 sqm of GLA and has is 100% leased, while “AFI Park 3“, delivered in December 2014, is leased to Endava Romania and TELUS International Europe. In April 2014 AFI Europe Romania has also commenced construction of AFI Park 4&5 office building that will offer additional 32,000 sqm of gross leasable area to the project and is planned to be delivered in Q4 2015.

In addition, AFI Europe Romania has two retail projects to be developed, “AFI Palace Arad”, a 30,000 sqm GLA retail park to be developed in the city centre of Arad, on a land plot of 80,000 sqm and “AFI Palace B.Noi”, a shopping center to be developed in Bucurestii Noi district 1 of Bucharest.

In the office segment, AFI will develop AFI Business Park Bucharest, a 50,000 sqm of GLA class A business park to be located in close proximity to the J.W. Marriott hotel and the Romanian Parliament in Bucharest’s district 5. The business park will comprise of 2 low rise office buildings and one office tower, with ample green areas, a high tech/campus style environment in an urban complex with a central plaza & gardens.

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